Answered: Your Most Burning Questions About Canadian Real Estate
Canadian real estate sector has been experiencing a roaring ride for quite a while now when the home marketplace of major markets like USA and Europe experienced some severe setbacks in the recent past. Specialists have nothing but great news for real estate investors who are looking forward to invest in real estate in 2013 as well. Because of Canada’s vast geography, the Canadian real estate market is extended over a bigger area which is why there aren’t one but many small and huge property zones within the nation.
Because of this diversity there are some differences of the housing markets on a provincial basis and while in certain zones are earning well some are lacking behind a little. Yet the general performance of the real estate in Canada stays unaffected even after the diversity and Canadian housing market continues to grow and expand every year. Now in case you are a first time investor or interested in making new investments in a successful manner you need to avoid certain low performing zones and invest in areas that can provide you high return. Given below are some unique high performing zones and geographical sectors where you could invest in 2013 and make your real estate investment a successful effort.
Barrie, Ontario: The City of Barrie is located in Southern Ontario in the western shoreline of Lake Simcoe. Lying within the northern part of the Greater Golden Horseshoe, Barrie is a densely populated and the most industrialized zone of Ontario. The city is situated close to Toronto and is also regarded as among the quickest growing cities in Canada. Other powerful aspects of the city comprise an increasing economy, advancing industrial and agricultural sector, improved transport, improving employment opportunities. All these factors align together and make the city a hot zone for real estate action. Demographics suggest a major boom in the city’s citizenry in recent years and increasing sales and prices of real estate property make it ideal for property investment.
Surry, British Columbia: Surrey lies in the province of British Columbia and is the second biggest city in terms of people after Vancouver. Surrey is considered an emerging metropolis due to its international flavor and ethnic diversity. The city is a major economic zone with improved transportation, health care, education, and recreational facilities. It is projected that Surry pulls over 1000 new residents every month as an outcome of which there’s a major demand for real estate property among buyers.
Maple Ridge-Pitt Meadows, British Columbia: Lying very close to Surry, Pitt Meadows and Maple Ridge are two person cities situated in British Columbia. Pitt meadows are a flood plain lying in between the Maple Ridge in the east and Pitt River in the west. As of 2011 demographic records, Pitt Meadows has a population of about 17,700 and Maple Ridge has a population of 73,969. Both the areas are currently undergoing some major municipal and infrastructural changes that have catapulted the property market increase of the region. Also, large volumes of people have migrated to these cities which are why the city’s real estate sector has experienced some major developments recently.
Red Deer, Alberta: Red Deer is located in Central Albert and is surrounded by the Red Deer County. Red Deer is a leading hub for petrochemical production and it’s also also famous for oil production, cattle farming, and agriculture. The city acts as a leading centre for commercial and retail activity for a majority of Central Alberta. With aspects like enhanced manner of transportation, low operating costs, economic stability, low joined tax, etc. To understand more regarding Eddie Yan have a look at this page. Red Deer functions as an attractive zone for many. As a result property costs in the region have inclined drastically in the past few years and are at present one of the very most promising locations for real estate investment in Canada.